The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-05-19

oat C Oh SoBBbbi th6 Nhbddh and th66t
Southern roads, 90 as to prevent this
That's what made these acquisitions de-
hitable to tho Union Pacihc.b ~. y 5f
Mr.. Gould here presented statements o.
his dealings In the securities Of the Kan.
sas Pacific aystem, and wss examined q,
length With reference 10 them by Com.
missioner Anderson. f}'l'U
Mr.. Gould said Chat In addition 10 the
stocks / held at the time OF consolidation,
owned si1 per cent consolidated bonds
OF the kansas Pacific 10 the amount OF S2,.
68i 900, and Union Pacific collateral sixee
to the sum Of 81 900 900. The $50 shares
Of St. Joseph and Denver were trimmings
to the bonds, and went with them, l sold
Stock and bonds 10 Sage, Dillon and
Ames at the same price at which bought
them. -,
oILT.EDdED SHARES.
~ sold a few shares In the market.
They had become gilt-edged, and proba.
bly, parted with them to pay hotel bills.
This statement was accompanied by q
smile. The st. Joseph Bridge bonds, Of
over $780, 600, were all purchased In one
transaction, at seventy.tive centa. / sold
$3.50, 900 to Russell ssge and 81, ,OOO, 900 to
Sidney Dillon at the same price. All Of
this stock was kept until the transaction
with the; Kansas Pacific. l think took
up tho st. Joseph Bridge receivers cer.
ti6cstes from tho different parties with
whom they were placed by the re.
ceiver. l built the Hastings 4
Grand leland road, and through that
became tho owner Of 500, ,GS9 25 OF It's
stock. The Union Pacific advanced The
money to build the road, and drew on me,
The stock I held represented the actual
Cost Of construction. The total issue OF the
bonda OF the road was, think, SG75, 900,
and the stock was 1 900 shares. | mado a
large aale OF Union Pacific stock 10 Messrs,
Cammack and Keene in 1879. On the 1st
Of January ] owned l70000shates OF stock.
On the 2l!h Of January. 1856. was clear
on the books of the Union Pacific Rail-
road. There WAS law in Massachusetts,
tha. allowed anybody having any claim
sgainst the railroad to attach the stock,
and l put 1t out OF my name because a
claim had been trumped up, and nv
stock waa to be attached and destroyed "a
q collateral. It was transferred 10 me
after the consolidation. I owned 1900
shares OF the Union Pacific on January
q, 1880.
"Twelre thousand shares were in Mr.
Dillons hands, continued Mr., Gould.
''and think Mr.. Morisini had the bal.
ance. had 1900 shares OF Union Pa.
cifc stock and 722.342 shares resulting
rom the conversion OF Kansas Pacific
and Denver Pacific securities. On the Su-
preme Courts decision on the Thurman
bill, l made up my mind 1t would be bet.
Ter to have several thousand ntockholders,
And 1t was for my interest To put the
stock out, ss the consolidation had adj.
vaaced it's value thirty points. General
Dodge and Solon Hutnphries we're particu.
larly fitted for examining into the matter
Of consolidation and reporting on q proper
basis for the consolidation. While thew
were 30 engaged my interests changed
and l became averse to the consolidation.
l purchased the Missouri Pacific Novem.
Der IL, 1879, in order to protect the Kan.
sss Pscifc. l can't say that Messrs. Dodge
and aumphries' report took into consid.
erstlon Rll the elements that should have
been considered"
Ihls closed MIR. Gould's examination for
the day, and the Investigation was ad.
journed until tomorrow.
In answer to Commissioner Anderson's
searching questions regarding the hand
ling OF the Denver Pacific stock In trust
hlr. Gould replied vigorously and gesticu.
lated violently y. he seemed greatly in.
censed at the imputation Of dishonorable
deal between MIR. Sage and himeelf in ref.
erGnce to this trust.